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“Resilience” 18 April 2016 CapitaLand Limited Annual General Meeting

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Page 1: CapitaLand Limited Annual General Meetinginvestor.capitaland.com/newsroom/20160418_193310_C31... · 2016-04-19 · CapitaLand Limited Annual General Meeting *18 April 2016* Disclaimer

“Resilience”

18 April 2016

CapitaLand Limited Annual General Meeting

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CapitaLand Limited Annual General Meeting *18 April 2016*

Disclaimer

This presentation may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other companies and venues for the sale/distribution of goods and services, shifts in customer demands, customers and partners, changes in operating expenses, including employee wages, benefits and training, governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward looking statements, which are based on current view of management on future events.

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CapitaLand Limited Annual General Meeting *18 April 2016*

Contents

• 2015 Highlights

• Review of 2015

• Business Highlights

• Sustainability

• Conclusion

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CapitaLand Limited Annual General Meeting *18 April 2016*

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

STI CapitaLand

CapitaLand Share Price Outperformed The STI In 2015

2015 Highlights

CL: $3.31

CL: $3.35 STI: 3,364.08

STI: 2,882.73

CAPL: +1.21%

STI: -14.31%

Source: Bloomberg. Based on daily closing prices, from 1 January to 31 December 2015.

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CapitaLand Limited Annual General Meeting *18 April 2016*

Strong Earnings From Operations 2015 Highlights

S$823.6 million

S$4,761.9million

21% YoY

Revenue

S$1,065.7million

8% YoY 17% YoY

Total Operating

PATMI1

Total

PATMI

Note:

(1) Includes fair value gain of S$170.6 million arising from change in use of 3 development projects in China, The Paragon Tower 5 & 6 (S$110.3 million),

Raffles City Changning Tower 3 (S$15.6 million) and Ascott Heng Shan (S$44.7 million) from construction for sale to leasing as investment properties.

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CapitaLand Limited Annual General Meeting *18 April 2016*

0

200

400

600

800

1,000

1,200

FY2012 (restated) FY2013 (restated) FY2014 FY2015

Non-operating PATMI Operating PATMI

360.2

Steady Growth In Operating PATMI

Operating PATMI Increased Steadily For The Past 4 Years;

Maintain At Least 2/3 Of Total PATMI As Operating PATMI Note:

1. Total operating PATMI inclusive of S$16.3 million operating PATMI from discontinued operation (FY2013 restated: S$108.7 million)

2. Operating PATMI Inclusive of fair value gain of S$170.6 million arising from change in use of 3 development projects in China

502.51 581.8 1

S$ Million

Total PATMI:

908.9 Total PATMI:

840.2

Total PATMI:

1,160.8

50%

60% 40%

2015 Highlights

60%

Total PATMI:

1,065.7

653.0

61%

FV Gain resulting from change in use of properties: S$170.6 Mil.2 16%

Westgate Tower sale: S$123.5 Mil. 11%

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CapitaLand Limited Annual General Meeting *18 April 2016*

Robust & Well-Positioned To Grow 2015 Highlights

Note:

(1) Interest Coverage Ratio = EBITDA / Net Interest Expense; Interest Service Ratio = Operating Cashflow / Net Interest Paid.

EBITDA includes revaluation gain

(2) Total assets excludes cash

0.48 times

Net Debt/Equity

0.28 times

Net Debt/Total Assets2

6.1 times

Interest Cover Ratio1

6.7 times

Interest Service Ratio1

$4.2 billion

Cash

70 per cent

% Fixed Rate Debt

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CapitaLand Limited Annual General Meeting *18 April 2016*

Delivering Long-Term Sustainable Returns 2015 Highlights

S$4.11 6.1%

7.1% in 2014

Return on

Equity

9.0 cents

9.0 cents in 2014

Payout ratio of ~36%2

S$3.83 in 2014

Net Tangible

Assets per Share

Dividend1

per Share

Note:

(1) Proposed dividend subject to final shareholders’ approval at the Annual General Meeting

(2) Based on total FY2015 PATMI

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CapitaLand Limited Annual General Meeting *18 April 2016*

Proposed First & Final Core Dividend Of 9 Singapore Cents

Dividend Period 1 January 2015 – 31 December 2015

First & Final Core Dividend 9 Singapore Cents per share

Type of Dividend Cash

Record Date1 5:00pm, 27 April 2016

Book Closure Date 28 April 2016

Dividend Payment Date 9 May 2016

Note:

(1) Last day of trading on “cum” basis is 22 April 2016.

2015 Highlights

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CapitaLand Limited Annual General Meeting *18 April 2016* CapitaLand Limited

Capital Tower, Singapore

Review Of 2015

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CapitaLand Limited Annual General Meeting *18 April 2016*

Increased In Scale Across Diversified Asset Classes 1

S$76.8 Billion

Group Managed Real Estate Assets

Revenue Under Management

>72,880

Total Home Units Constructed (Since 2000)

Office Tenants In Singapore And China

>1,330

Retail Leases Across 5 Countries

Unique Serviced Residence Customers

~900,000

Shopper Traffic Across 5 Countries

Gross Turnover Sales Of Retailers

Note:

1. Numbers stated as of FY2015 numbers unless otherwise stated

Raffles City Beijing

HongKou Plaza,

Shanghai

Capital Tower,

Singapore

Ascott Huai Hai Road,

Shanghai

S$8.2 Billion of which Rental RUM is S$4.3 Billion

~1.0 Billion

~15,000

S$10.9 Billion

Review Of 2015

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CapitaLand Limited Annual General Meeting *18 April 2016*

Resilient Business Model – Strong Recurring Income (As Of 31 December 2015)

Others

1% Serviced

Residence

17%

Commercial & Integrated

Developments2

35%

Total Assets:

S$45.9 billion1

Note: 1. Refers to total assets, excluding treasury cash held by CL and its treasury vehicles 2. Excludes residential component

Majority Or ~74% Of Total Assets Contribute To Recurring Income;

~26% Of Total Assets Contribute To Trading Income

Trading

Properties Investment

Properties

Review Of 2015

Shopping Malls

21%

Residential &

Office Strata

26%

2

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CapitaLand Limited Annual General Meeting *18 April 2016*

Europe & Others#

S$2.7bil, 6%

Total Assets

By

Geography:

S$45.9 Billion

China*

S$21.5bil, 47%

Singapore

S$16.5bil, 36%

Other Asia**

S$5.2bil, 11%

• Total RE AUM Of S$76.8 Billion1 And Total Assets Of S$45.9 Billion2 As Of Dec 2015 • 83% Of Total Assets Are In Core Markets Of Singapore & China

Note:

1. Refers to the total value of all real estate managed by CL Group entities stated at 100% of property carrying value

2. Defined as total assets owned by CL Group at book value and excludes treasury cash held by CL and its treasury vehicles

* China includes Hong Kong

** Excludes Singapore and China. Includes projects in GCC

*** Includes StorHub and other businesses in Vietnam, Indonesia, Japan and GCC

# Includes Australia and USA

Continue To Deepen Presence In Core Markets, While Building A Pan-Asia Portfolio

CMA

S$13.7bil, 30%

Corporate & Others***

S$1.3bil, 3% CLC

S$13.0bil, 28%

CLS

S$10.8bil, 24%

TAL

S$7.1bil, 15%

Total Assets

By

SBU:

S$45. 9 Billion

Review Of 2015

3

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CapitaLand Limited Annual General Meeting *18 April 2016*

Note:

1 As of 31 December 2015. On a 100% basis. Includes assets held by CapitaLand China, CapitaLand Mall Asia and Ascott in China (both operational and non-

operational). Excludes properties that are under management contract. Excludes properties in Hong Kong.

2 Upper Tier 2 cities include Chengdu, Chongqing, Hangzhou, Shenyang, Suzhou Tianjin, Wuhan and Xi’an

3 Tiering of cities are based on JLL report

Tier 1 & Tier 2 Cities Make Up ~93% Of China’s Property Value

In China: Remain Focused On Tier 1 & Tier 2 Cities Review Of 2015

3

Tier 3: 7%

China Property

Value:

S$33.8 Billion 1

Tier 1: Beijing 15%

Other Tier 2: 7%

Other Tier 1: Guangzhou & Shenzhen

9%

Tier 1: Shanghai

29%

Upper Tier 22:

33%

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CapitaLand Limited Annual General Meeting *18 April 2016*

Capital Recycling Through REITs

Active Capital Recycling Keeps Balance Sheet Robust

Divestment Of SRs & Rental Housing Properties

To Ascott Residence REIT (Ascott REIT) Divestment Of Bedok Mall To

CapitaLand Mall Trust (CMT)

Citadines Shinjuku Tokyo

Tokyo Kyoto

Citadines Karasuma-

Gojo Kyoto Citadines on Bourke Melbourne

Melbourne

S-Residence Fukushima

Luxe

S-Residence

Midoribashi Serio S-Residence

Hommachi Marks

Osaka

S-Residence Tanimachi 9 chome

4

Review Of 2015

Note:

1. Based on agreed value of Bedok Mall of S$780 million (inclusive of fixed assets) and other net assets of Brilliance Mall Trust of about S$3.1 million 2. As recorded at asset level since inception

3. Due to partial payment of purchase consideration of Bedok Mall using CMT units

4. Announced on 25 June 2015. Agreed property value

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CapitaLand Limited Annual General Meeting *18 April 2016*

Review Of 2015

• Ascott’s largest private equity fund and a 50:50 joint venture with QIA • Maiden acquisition of two prime properties in Paris and Tokyo for a total of

US$137million (S$191million)

Citadines Suites Champs-Élysées Paris Somerset Shinagawa Tokyo

5 Setting Up New Funds: Ascott-QIA US$600 Million JV

Aim To Form Another 5 Funds Worth ~S$8 to ~S$10 Billion By 2020

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CapitaLand Limited Annual General Meeting *18 April 2016* CapitaLand Limited Annual General Meeting *18 April 2016*

Divestment Of 30% Stake In Entity Holding PWC Building

Review Of 2015

6 Active Portfolio Reconstitution

Divestment Of Rivervale Mall By CMT

Vivit Minami Funabashi (Vivit) PWC Building Rivervale Mall

Reconstitution Of Japan’s Mall Portfolio

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CapitaLand Limited Annual General Meeting *18 April 2016*

Active Asset Management To Improve Portfolio • Redevelop Funan into an integrated development to be an aspirational lifestyle

destination • Mall expected to close in 3Q 2016 for redevelopment works spanning 3 years

Review Of 2015

Funan DigitaLife Mall

7

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CapitaLand Limited Annual General Meeting *18 April 2016*

CapitaLand

Singapore

CapitaLand

China

CapitaLand

Mall Asia

The Ascott

Limited

Leveraging Technology Across All Asset Classes

8

Review Of 2015

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CapitaLand Limited Annual General Meeting *18 April 2016*

ION Orchard, Singapore

Business Highlights - Residential

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CapitaLand Limited Annual General Meeting *18 April 2016*

The Interlace (World Building of the Year, World Architecture Festival) Sky Vue (2nd top selling in Nov & Dec 2015)

• Low exposure – inventory stock represents ~6.8% of the Group’s total assets1

• Total sales value of S$559 million (244 units) in 2015

• Achieved total sales of 222 units worth S$506 million in 1Q 2016

Continue To De-Risk Residential Portfolio In SG Residential

Note:

1. Refers to total assets owned by CapitaLand Group at book value and excludes treasury cash held by CapitaLand and its treasury vehicles.

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CapitaLand Limited Annual General Meeting *18 April 2016*

Strong Response To Cairnhill Nine Residential

• Best-selling Singapore private residential project in March 2016

• Sold 193 units out of 268 units as at 14 April 2016

Cairnhill Nine

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CapitaLand Limited Annual General Meeting *18 April 2016*

• Total sales value of RMB 15.4 billion (9,402 units) in 2015

• ~ 77% of launched units sold as at 31 December 2015

• Achieved total sales of 3,377 units worth RMB 4.5 billion in 1Q 2016

Achieved Record Breaking China Residential Sales

Residential

Dolce Vita, Guangzhou Century Park (West), Chengdu The Metropolis, Kunshan

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CapitaLand Limited Annual General Meeting *18 April 2016*

Steady Pipeline For China In 2016 Residential

> 7,300 Launched Ready Units

Vermont Hills, Beijing

Lakeside, Wuhan Parc Botainca, Chengdu

Summit Era, Ningbo

Vista Garden, Guangzhou

Riverfront, Hangzhou

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CapitaLand Limited Annual General Meeting *18 April 2016*

Strong Sales Momentum In Vietnam Residential

• Total sales value of over S$226 million (1,321 units) in 2015

• Launched units substantially sold

• New acquisitions in 2015 to provide additional pipeline of ~1,350 units for sale

• Achieved total sales of 240 units worth S$36 million in 1Q 2016

Project Safari, Ho Chi Minh City Project Sensation, Ho Chi Minh City

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CapitaLand Limited Annual General Meeting *18 April 2016* CapitaLand

Raffles City Beijing, China

Business Highlights

- Commercial

Properties &

Integrated

Developments

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Note:

1. Average rent per month for office portfolio (S$ psf) = Total committed gross rent for office per month

Committed area of office per month

99.4%

Portfolio occupancy

CCT’s Portfolio Monthly Average Office Rent Up By 3.4% Y-O-Y(1)

Singapore Office Portfolio Remains Stable

CCT’s Portfolio Occupancy

97.1%

CCT’s Portfolio Occupancy Above Market Occupancy

CCT’s Grade A Offices Occupancy

95.8%

Commercial Properties & Integrated Developments

95.6 95.9 96.8 96.9

94.7 95.3

97.3 98.5

99.3 99.5 99.4

96.4 96.7 97.7

96.0 96.8

7.45 7.39 7.53 7.64 7.83 7.96 8.03 8.13 8.22 8.23 8.42 8.61 8.78 8.88 8.89 8.90

$4.50

$5.50

$6.50

$7.50

$8.50

Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15

9000% 9002% 9005% 9007% 9010% 9012% 9014% 9017% 9019% 9022% 9024% 9026% 9029% 9031% 9034% 9036% 9038% 9041% 9043% 9046% 9048% 9050% 9053% 9055% 9058% 9060% 9062% 9065% 9067% 9070% 9072% 9074% 9077% 9079% 9082% 9084% 9086% 9089% 9091% 9094% 9096% 9098% 9101% 9103% 9106% 9108% 9110% 9113% 9115% 9118% 9120% 9122% 9125% 9127% 9130% 9132% 9134% 9137% 9139% 9142% 9144% 9146% 9149% 9151% 9154% 9156% 9158% 9161% 9163% 9166% 9168% 9170% 9173% 9175% 9178% 9180% 9182% 9185% 9187% 9190% 9192% 9194% 9197% 9199% 9202% 9204% 9206% 9209% 9211% 9214% 9216% 9218% 9221% 9223% 9226% 9228% 9230% 9233% 9235% 9238% 9240% 9242% 9245% 9247% 9250% 9252% 9254% 9257% 9259% 9262% 9264% 9266% 9269% 9271% 9274% 9276% 9278% 9281% 9283% 9286% 9288% 9290% 9293% 9295% 9298% 9300% 9302% 9305% 9307% 9310% 9312% 9314% 9317% 9319% 9322% 9324% 9326% 9329% 9331% 9334% 9336% 9338% 9341% 9343% 9346% 9348% 9350% 9353% 9355% 9358% 9360% 9362% 9365% 9367% 9370% 9372% 9374% 9377% 9379% 9382% 9384% 9386% 9389% 9391% 9394% 9396% 9398% 9401% 9403% 9406% 9408% 9410% 9413% 9415% 9418% 9420% 9422% 9425% 9427% 9430% 9432% 9434% 9437% 9439% 9442% 9444% 9446% 9449% 9451% 9454% 9456% 9458% 9461% 9463% 9466% 9468% 9470% 9473% 9475% 9478% 9480% 9482% 9485% 9487% 9490% 9492% 9494% 9497% 9499% 9502% 9504% 9506% 9509% 9511% 9514% 9516% 9518% 9521% 9523% 9526% 9528% 9530% 9533% 9535% 9538% 9540% 9542% 9545% 9547% 9550% 9552% 9554% 9557% 9559% 9562% 9564% 9566% 9569% 9571% 9574% 9576% 9578% 9581% 9583% 9586% 9588% 9590% 9593% 9595% 9598% 9600% 9602% 9605% 9607% 9610% 9612% 9614% 9617% 9619% 9622% 9624% 9626% 9629% 9631% 9634% 9636% 9638% 9641% 9643% 9646% 9648% 9650% 9653% 9655% 9658% 9660% 9662% 9665% 9667% 9670% 9672% 9674% 9677% 9679% 9682% 9684% 9686% 9689% 9691% 9694% 9696% 9698% 9701% 9703% 9706% 9708% 9710% 9713% 9715% 9718% 9720% 9722% 9725% 9727% 9730% 9732% 9734% 9737% 9739% 9742% 9744% 9746% 9749% 9751% 9754% 9756% 9758% 9761% 9763% 9766% 9768% 9770% 9773% 9775% 9778% 9780% 9782% 9785% 9787% 9790% 9792% 9794% 9797% 9799% 9802% 9804% 9806% 9809% 9811% 9814% 9816% 9818% 9821% 9823% 9826% 9828% 9830% 9833% 9835% 9838% 9840% 9842% 9845% 9847% 9850% 9852% 9854% 9857% 9859% 9862% 9864% 9866% 9869% 9871% 9874% 9876% 9878% 9881% 9883% 9886% 9888% 9890% 9893% 9895% 9898% 9900% 9902% 9905% 9907% 9910% 9912% 9914% 9917% 9919% 9922% 9924% 9926% 9929% 9931% 9934% 9936% 9938% 9941% 9943% 9946% 9948% 9950% 9953% 9955% 9958% 9960% 9962% 9965% 9967% 9970% 9972% 9974% 9977% 9979% 9982% 9984% 9986% 9989% 9991% 9994% 9996% 9998% 10001% 10003% 10006% 10008% 10010% 10013% 10015% 10018% 10020% 10022% 10025% 10027% 10030% 10032% 10034% 10037% 10039% 10042% 10044% 10046% 10049% 10051% 10054% 10056% 10058% 10061% 10063% 10066% 10068% 10070% 10073% 10075% 10078% 10080% 10082% 10085% 10087% 10090% 10092% 10094% 10097% 10099% 10102% 10104% 10106% 10109% 10111% 10114% 10116% 10118% 10121% 10123% 10126% 10128% 10130% 10133% 10135% 10138% 10140% 10142% 10145% 10147% 10150% 10152% 10154% 10157% 10159% 10162% 10164% 10166% 10169% 10171% 10174% 10176% 10178% 10181% 10183% 10186% 10188% 10190% 10193% 10195% 10198% 10200%

Committed occupancy of office portfolio (%) Average gross rent per month for office portfolio (S$ psf)

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CapitaLand Limited Annual General Meeting *18 April 2016*

CapitaGreen – 92.8% Committed As At 31 March 2016

Committed Tenants Largely On Longer Term Leases, 88% Are From Insurance, IT, Energy and Commodities, And Banking & Financial Sectors

13%

24%

63%

11%

23%

66%

2016 2017 2018 2019 2020 and

beyond

Committed Monthly Gross Rental Income

Committed Net Lettable Area

Lease Expiry Profile For CapitaGreen Tenant Trade Mix(1) For CapitaGreen

Note:

(1) Based on net lettable area of leases committed at CapitaGreen

No leases expiring from 2016 to 2017

Insurance, 25%

IT, Media and

Telecommunicati

ons, 22%

Banking and

Financial

Services, 21%

Energy and

Commodities,

20%

Real Estate and

Property Services,

4%

Education and

Services, 3%

Legal, 2% Manufacturing

and Distribution,

2% Food and

Beverage, 1.0%

Commercial Properties & Integrated Developments

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CapitaLand Limited Annual General Meeting *18 April 2016*

Raffles City – Singapore & China (Operational)

• Singapore Continues To Deliver Stable Returns • Strong Committed Occupancies For China Operational Assets

Commercial Properties & Integrated Developments

Raffles City Shanghai (100% committed occupancy for retail & office)

Raffles City Singapore

Raffles City Beijing (100% committed occupancy for retail & 99% for office)

Raffles City Ningbo (98% committed occupancy for retail & 92% for office)

Raffles City Chengdu (99% committed occupancy for retail; 90% for office

tower 2 & 69% for office tower 1)

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CapitaLand Limited Annual General Meeting *18 April 2016*

On-Track For Upcoming Raffles City Projects

Year Of Opening1

Note: 1. Refers to the expected year of opening of the first component in the particular Raffles City development

Commercial Properties & Integrated Developments

Raffles City Chongqing

Office, Retail and

Serviced Residence : 2018

Hotel: 2019

Raffles City Hangzhou

Office : 2016

Retail: 2017 Hotel and Serviced

Residence : 2018

Raffles City Shenzhen

Office, Retail and Serviced

Residence : 2017

Raffles City Changning

Office Tower 3 : Operational

Office Tower 2 : 1H 2016 Retail and Office Tower 1 : 2017

2016 2015 2017 2018

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CapitaLand Limited Annual General Meeting *18 April 2016* 31

Raffles City Changning – Office Tower 3 Commenced

Operations • Office Tower 3 Leasing Achieved 97% Committed Occupancy as at 1Q 2016

• Office Tower 2 Construction Completed. Leasing Achieved 34% Committed Occupancy as at 1Q 2016

Overall Construction On Track

Office Tower 3 – Commenced Operations

Office Tower 2 -Construction Completed

Commercial Properties & Integrated Developments

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Raffles City Hangzhou • Target To Commence Operations In Phases From End 2016 • Sales Of Office Tower 1 And Sky Habitat (RCH) In Progress

*Sales rate computed based on options issued as of 31 Dec 2015

Mall Interior Works In Progress

Commercial Properties & Integrated Developments

• Sky Habitat Achieved Sales Rate Of 25% Or Sales

Value Of RMB 229 Million In 1Q 2016

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Leasing Show Suite Completed

Raffles City Shenzhen Structurally Completed For All Components

Structural Completion For All Components

Commercial Properties & Integrated Developments

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Raffles City Chongqing 55% Of Overall Project Piling Completed

Aerial View Of Site

Central Site Reached Basement 1 Level

Commercial Properties & Integrated Developments

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CapitaLand Limited Annual General Meeting *18 April 2016* CapitaLand Limited Plaza Singapura, Singapore

Business Highlights – Shopping Malls

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Retail – Asia’s Leading Mall Developer, Owner And Manager Shopping Malls

Continued Strong Performance In Core Markets Of Singapore And China

Singapore China

Same-mall NPI growth +2.7% +7.4%

Committed occupancy rate 97.2% 94.2%

NPI yield on valuation 5.6% 5.3%

Tenants’ sales +1.2% total tenants’ sales

+7.3% total tenants’ sales

+3.9% per sq ft +7.5% per sq m

Shopper traffic +5.4% +3.2%

Note: The above figures are on a same-mall basis

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New Mall Opened In China: CapitaMall Sky+ Shopping Malls

• Opened On 31 Dec 2015; Committed Occupancy ~79% • Strategically Located In Guangzhou – The Only Mall In Baiyun New Town That Is Directly Connected To A Subway Station

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Singapore: Completion Of Phase 2 AEI At IMM Shopping Malls

Food & Beverage Designer Fashion Outlets

85 Outlets Stores; Wider Offerings In Fashion And F&B

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Upcoming Developments In 2016 Shopping Malls

Opening of CapitaMall Xinduxin, Qingdao Opening of The Forum Mysore, India

Rejuvenation works at Plaza

Singapura, Singapore

Redevelopment of Funan

DigitaLife Mall, Singapore

Façade upgrading at

CapitaMall Wangjing, Beijing

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Topping Out Of CapitaMall Westgate On 11 Jan 2016 Shopping Malls

CapitaMall Westgate, Wuhan - Topping Out Ceremony on 11 January 2016

• Mall To Open In 2017 • Strategically Located In Qiaokou District Of Wuhan

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Pipeline Of Malls Opening Shopping Malls

Country

No. of Properties As Of 31 Dec 2015

Opened Target to be

opened in 2016

Target to be

opened in

2017 & beyond

Total

Singapore 18 - 1 19

China 55 1 8 64

Malaysia 6 - 1 7

Japan 5 - - 5

India 4 1 4 9

Total 88 2 14 104

Note 1. The above opening targets relate to the retail components of the developments

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CapitaLand Limited Annual General Meeting *18 April 2016* CapitaLand Limited Ascott Huai Hai Road Shanghai, China

Business Highlights - Serviced Residences

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CapitaLand Limited Annual General Meeting *18 April 2016*

Serviced Residences – World’s Largest International

Owner-Operator

• > 42,970 units in 95 cities in 27 countries1 worldwide

• Exceeded 2015 target of 40,000 units ahead of time

• On course to double inventory to 80,000 units by 2020

Somerset Norodom Phnom Penh Citadines Jomtien Beach Pattaya

Added ~6,700 Units In FY2015

Note:

(1) Includes units under development as of 31 December 2015.

Element New York Times Square West, US

Serviced Residences

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Investments & Strategic Partnerships Made In 2015 Serviced Residences

Ascott Deepens Access To Over 100 Million Chinese Travellers Through

Global Portfolio Listing On Alibaba's Online Travel Service Platform

Ascott is the first serviced residence company to make

available its global network of serviced residences on Alitrip

The Partnership Will Allow Ascott To Deepen Access To Over 100 Million Chinese Travellers

Currently Served By Alitrip

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One George Street, Singapore

Sustainability

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• Dow Jones Sustainability World and Asia Pacific Indexes 2015

• Global Real Estate Sustainability Benchmark Report 2015: Regional Sector Leader for Asia, Diversified

• Global 100 Most Sustainable Corporations in the World 2016

• The Sustainability Yearbook 2016: Bronze Class Distinction

• Other awards include:

- FTSE4Good Index Series

- MSCI Global Sustainability Indexes 2015

- STOXX ® Global ESG Leaders Indices 2015/2016

- Channel NewsAsia Sustainability Ranking 2015

Sustainability

Key Listings Received For Sustainability Efforts

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Building Communities

3 Days

Volunteer Service Leave policy in

CapitaLand

27 CapitaLand

Hope Schools

In China and Vietnam

CapitaLand donates up to 0.5% of annual

net profit to CapitaLand Hope Foundation (CHF) to support programmes for underprivileged children

>S$23m In support of the communities

CapitaLand operate in since

2005

Donated

>100,000 Underprivileged

children Benefitted from

CHF in the areas of shelter,

education and healthcare

>78,000 by CapitaLand staff

since 2007

Volunteer hours

Sustainability

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CapitaLand Presentation * April 2016 * 48

Environment, Health and Safety

Engaging Community, Collaborating in National Efforts

ISO 14001 BS OHSAS 18001 Certified in 15 countries

>120 Green Building Ratings e.g. Green Mark, LEED,

BREEAM, Casbee

Energy savings

16.0%

In 20151

Carbon intensity reduction 20% National Policy

Making

Awards & Recognition

BCA Green Mark Champion Award Building and Construction Authority

Water usage reduction

23.0% (per m2)

Note 1: Statistics as at Sep 2015

Cost avoidance for utilities since 2009

>S$89m

Workplace Safety and Health (WSH) Developer Award 2015 awarded to CapitaLand Singapore

CapitaLand properties participated in Earth Hour

>250

Sustainability

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Sustainability - Governance

*This annual study was conducted by the NUS Business School’s Centre for Governance, Institutions and Organisations (CGIO)

Sustainability

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Six Battery Road, Singapore

Conclusion

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• Focus on improving operating PATMI

• Execute and deliver project pipeline on time

• Ready to deploy cash to make new investments

• Use funds platform and management contracts to grow asset

under management

• Continue to recycle capital and reconstitute existing portfolio

Conclusion

Well – Positioned To Capture Opportunities In Current Volatile Market

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Thank You